Apply for Job

Vendor Management Specialist

Vacancy Details

Reference No.



A leading financial services provider is seeking a Vendor Management Specialist to maintain, evaluate and improve ongoing contracting and relationships with strategic third-party suppliers/ partners to the benefit of both vendors and the bank. The incumbent is responsible for the operational monitoring and optimising the quality and sustainability of relationships between vendors and the company.


  • Provide ongoing advice and guidance to business on strategic vendor management.
  • Facilitate problem resolution (where needed) and ensure strategic supplier relationships are protected in line with contractual agreements.
  • Facilitate quarterly committees to report on relationships with suppliers in line with agreed frameworks, models and performance delivery metrics.
  • Displays assertiveness and sound influencing skills in challenging business on identified material risks
  • Work closely with Operational Risk to identify and mitigate vendor management risks.
  • For vendors who have completed their work activity, support business in the analysis of work completed against pre-determined checklist. Hand-over activities by business to Vendor.
  • Understand and enable the design standards, protocols and parameters for vendor and contract management, by following guidelines in terms of best practices. These include (but are not limited to): quality review structures, charter / scoping structures, risk management structures, compliance structures, work delivery review structures and vendor delivery audit structures.
  • Continually liaise with relevant stakeholders to monitor and flag ongoing issues and risks relating to strategic vendor management.
  • Proactively manage reputational risk (e.g. ensure vendors are similarly enlisted and that disagreements are handled in line with agreed protocols).
  • Communicate frameworks and guidelines, educating and advising stakeholders on frameworks, guidelines and changes to policy where necessary.
  • Maintain awareness of relevant governance and compliance frameworks and manage adherence thereto.
  • Engage with customers, the broader FRG procurement community and suppliers, displaying excellent abilities to influence, advise, negotiate and collaborate at all organisational levels.
  • Integrate opinions and information provided by various sources.
  • Identify opportunities to leverage relationships and share knowledge.
  • Display skill at mentoring/coaching others and resolving conflict.
  • Participate in budgeting processes from a commercial and financial perspectives in terms of understanding and planning for business demand and priorities
  • Supporting the business and procurement in how items or services are to be acquired (e.g. leased, charged as an expense, depreciated or outsourced).
  • Assist with the analysis of TCO and ongoing viability of business case from information provided by Finance and Business.
  • Ensure relevant knowledge is appropriately archived for easy retrieval and ensure it is used to inform ongoing improvement of the company’s vendor management practices.


  • BCom, B Com Hons, BSc, BSc Hons, BSc Engineering, Supply Chain Degree, CIPS.
  • 3-5 years Vendor Management and/or procurement experience.
  • Building Strategic Relationships.
  • Commercial and Financial Acumen.
  • Business Insight and Risk Awareness.
  • Consulting and Advising.

Kindly note that if you do not hear back from us within two weeks, kindly consider your application unsuccessful.

Position Type


Work Level



Market Related


Banking/Finance And Investment

Salary Type



Cost To Company

Affirmative Action


Geographic Location

Gauteng - JHB North